InvestSMART

Dart Mining NL (ASX:DTM)

ALERT: Price-sensitive ASX Announcement for DTM
Current share price for DTM : $0.014 -0.019 (-57.58%)+
Announcement
Release
17 Mar 2026 9:25AM
Price at Release
$0.033
Full Release
download
Summary
Dart Mining NL has announced a non-binding term sheet agreement with Indigo Metals Limited for the sale of its Mt Unicorn, Sandy Creek, and Tallandoon Projects for a total consideration of $7 million. This includes a $200,000 cash deposit and the balance payable in cash and shares at Indigo's IPO price. Dart Mining will retain a 2.5% Net Smelter Revenue Royalty on Antimony production from specific tenements, providing future economic interest. The transaction's completion is contingent upon Indigo's IPO success and required approvals, facilitated by Rock Financial Consulting.
Key Points
  • Dart Mining NL (ASX:DTM) enters into a non-binding term sheet with Indigo Metals Limited for the sale of Mt Unicorn, Sandy Creek, and Tallandoon Projects.
  • The total consideration for the projects is $7 million, comprising a $200,000 cash deposit and the balance payable in cash and shares at Indigo's IPO price.
  • DTM will retain a 2.5% Net Smelter Revenue Royalty on Antimony production from the Sandy Creek and Tallandoon tenements.
  • The transaction is subject to Indigo's successful IPO and listing on the ASX, along with necessary shareholder approvals.
  • Rock Financial Consulting acted as the arranger for this transaction.
  • James Chirnside, DTM's chairman, expressed that this transaction is significant for the company and ensures ongoing economic interest in the projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.